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Billionaire Settles Insider Trading Charges
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Andreas Bechtolsheim, former chairman of Arista Networks, settles insider trading charges by paying nearly $1 million to the SEC for profiting over $415,000 from nonpublic information on Acacia Communications' acquisition. The settlement includes a ban from executive roles and a significant civil penalty.
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How does the enforcement of insider trading regulations influence investor confidence and market integrity?
How might this settlement impact Bechtolsheim's future ventures and reputation in the business world?
What measures can be taken to prevent future instances of insider trading among high-profile individuals?
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